https://www.taxtmi.com/caselaws?id=437568 Penalty proceedings under Section 67 of the Kerala Value Added Tax Act were examined on whether an Intelligence Officer had impermissibly resorted to best judgment estimation of taxable turnover. The materials showed that the computation was derived from the agreement, invoices, and audited figures, rather than from conjecture or approximate reckoning. On that basis, the analysis accepted that the officer had not exceeded jurisdiction by treating the receipts as liable to tax without making a separate estimation exercise. The challenge to the penalty order therefore did not succeed, and no interference under Article 226 was warranted. en-us Sun, 23 Oct 2022 00:00:00 +0530 Wed, 10 May 2023 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437568 Penalty proceedings under Section 67 of the Kerala Value Added Tax Act were examined on whether an Intelligence Officer had impermissibly resorted to best judgment estimation of taxable turnover. The materials showed that the computation was derived from the agreement, invoices, and audited figures, rather than from conjecture or approximate reckoning. On that basis, the analysis accepted that the officer had not exceeded jurisdiction by treating the receipts as liable to tax without making a separate estimation exercise. The challenge to the penalty order therefore did not succeed, and no interference under Article 226 was warranted. Case-Laws VAT and Sales Tax Sun, 23 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437568